International Relations

Africa is home to approximately 1.4 billion people[1], about 16 percent of the world’s population, yet its continental share in global trade remains below 3 percent[2], according to the World Trade Organization (WTO). This suboptimal proportion of world trade is compounded by Africa's limited intra-continental trade. During the 26th Africa Business Conference (ABC) held at Harvard Business School (HBS) on the 17^th of February 20, 2024, industry experts, policymakers, students, faculty members, and entrepreneurs converged to interrogate these concerns and explore opportunities for improving intra-African trade. 

Ownership of reforms by citizens is often presented as important for success. This paper explores media engagement and support for economic reforms in the Gulf Cooperation Council (GCC) countries using text analysis techniques on publicly available sources. Results show that while reform efforts have intensified in recent years in the GCC, these efforts tend to focus on stronger rather than weaker policy areas, potentially limiting the growth-enhancing effect of reforms. Social media analysis using Twitter shows that the population’s support for reforms has been declining. The analysis of traditional
news media points to more engagement by international than by local media. However, sentiment from international media is less positive about economic reforms in the GCC. Sentiment in international media and social media matters, as evidenced by its positive and strong correlation with FDI inflows into the GCC.

Last week, U.S. Sen. Joe Manchin seemingly dashed Democrats’ hopes for congressional action to slow climate change. Sen. Bernie Sanders accused Manchin of “sabotag[ing] the president’s agenda”; Rep. John Yarmuth, when asked about the consequences of Congress not acting on climate change, said, “We’re all going to die”; and climate activists, as well as some Democrats in Congress, wondered if Manchin should be removed as chair of the Senate Energy and Natural Resources Committee.

Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

Recap of MEI event "Egypt: Lumbering State, Restless Society."

Recap of MEI event "Egypt: Lumbering State, Restless Society."

Stephen Walt analyzes the U.S. and European responses to Russia's aggression.

Digital development has the potential to made the international development ecosystem more dynamic and data-driven. But it may also fail to achieve its primary goal of reducing poverty if it reinforces Big Tech's power in emerging markets.

The Economic Diplomacy Initiative (EDI) at the Belfer Center for Science and International Affairs is presenting a first-of-its-kind analysis of the makeup of the Commerce Department’s Entity List, by country, by sector, and by year of addition. Starting with raw data made available by the Commerce Department, we manually grouped blacklisted sub-entities at the parent level to give a clearer view of the companies targeted by export controls. While  the Entity List does not include industry tags, we used Federal Register announcements and secondary research to manually assign industry sectors to each entity. The analysis provides a quantitative review of the evolving use of the entity list to shed light on shifting aims of US economic and national security policy.

It has become impossible to read conflicts in North Africa and the Middle East in isolation, as regional powers like Saudi Arabia, UAE, Iran, Israel and Turkey weigh in across the region. Likewise, migration, energy, security and climate dynamics have generated indissoluble ties between North and Sub-Saharan Africa, the Gulf and the Horn of Africa as well as between the Eastern Mediterranean and the broader Middle East. North Africa and the Middle East have become a much wider and more heterogeneous geographical space, in which different thematic issues interlock.